AgResource Mid-Day Commentary: CBOT Extends Overnight Weakness; Midday GFS Cool but Dry; Vegoil Markets Bottoming?

AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. Risk-Off Mentality Persists; Lows Being Formed in Wheat/Vegoils? CBOT ag futures are sharply lower at midday as the trade worldwide digests a shift to cooler Central US temps in the 6-10 day period. Yet, it’s wheat that’s leading the ag space lower today as harvests…

ARC Mid-Day Commentary; Anxiety over Central US Weather Ahead of a 3 Day Weekend; Biden Thinking About Restricting US Diesel/Unleaded Exports

AgResource Farm Marketing Advice for Friday: 1/ No new advice. AgResource Daily Spec Advice: Lower close only stop on 2 July soyoil at $.7390 from $.7517. ** Low Volume; Pensive Trade into Key Weather Weekend CBOT grains are mixed at midday with corn firmer while wheat futures sag on the ongoing US harvest. Soybeans are…

AgResource Mid-Day Commentary; CBOT Adds Weather Premium to Price on Rising Risk of Drought; CBOT Swims Against Sharply Lower US Equity Markets

Swimming Financially Upstream; CBOT Grains Buck the Trend on Weather! CBOT grains are mostly higher on threatening weather with soyoil sagging under oil/meal spread unwinding. The US stock market has fallen sharply with the DOW down another 800 points on liquidation via “risk off” from investment managers. The DOW is now under 30,000 for the…

AgResource Mid-Day Commentary; CBOT Eases from Morning High as GFS Midday Offers Less Heat in the Extended Range; Awaiting FED’s Rate Decision

AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. Traders Await US Central Bank Rate Hike;Admit that US Economy Not in Recession CBOT futures are mostly higher with KC/Minneapolis wheat being weaker on the spread unwind. New crop soybeans are gaining on old crop on rumors of China rolling 4-5 cargoes of US July/August…